While you were sleeping US holiday sales disappoint

While you were sleeping US holiday sales disappoint
By Margreet Dietz Dec 27 (BusinessDesk) - Shares of retailers including Sears and Saks led Wall Street lower as shoppers kept a lid on spending amid concern about the impact of the so-called fiscal cliff as the year-end deadline draws ever closer. A measure of American holiday sales showed consumers are reluctant to take advantage of the holiday sales. Data from MasterCard Advisors SpendingPulse showed that holiday-related sales increased a meagre 0.7 percent from October 28 through December 24, down from the 2 percent climb in 2011. The Mor...